Tronox Holdings PLC (NYSE:TROX) Receives Average Rating of “Hold” from Analysts

Shares of Tronox Holdings PLC (NYSE:TROX) have earned an average recommendation of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $5.18.

TROX has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Tronox in a research note on Wednesday, October 8th. The Goldman Sachs Group increased their price objective on Tronox from $4.25 to $5.50 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Truist Financial cut their target price on Tronox from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Monday, October 20th. Alembic Global Advisors reaffirmed an “overweight” rating and issued a $6.00 price target on shares of Tronox in a research note on Monday, September 15th. Finally, Mizuho raised their price objective on Tronox from $3.00 to $3.50 and gave the stock an “underperform” rating in a research report on Wednesday, December 10th.

Tronox Stock Down 3.1%

Shares of NYSE:TROX opened at $4.32 on Friday. Tronox has a 52-week low of $2.86 and a 52-week high of $10.60. The stock has a market cap of $684.94 million, a P/E ratio of -2.11 and a beta of 1.19. The business has a fifty day moving average of $3.75 and a two-hundred day moving average of $4.39. The company has a quick ratio of 0.73, a current ratio of 2.72 and a debt-to-equity ratio of 1.97.

Tronox (NYSE:TROX) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.25). Tronox had a negative net margin of 11.39% and a negative return on equity of 8.10%. The firm had revenue of $699.00 million for the quarter, compared to analyst estimates of $776.21 million. During the same period in the previous year, the firm posted ($0.13) EPS. The company’s revenue was down 13.1% compared to the same quarter last year. On average, research analysts expect that Tronox will post 0.49 earnings per share for the current year.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, November 10th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, November 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.6%. Tronox’s dividend payout ratio (DPR) is currently -9.76%.

Hedge Funds Weigh In On Tronox

Large investors have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. acquired a new stake in Tronox in the 3rd quarter valued at approximately $51,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Tronox during the third quarter worth $37,000. Dark Forest Capital Management LP grew its stake in shares of Tronox by 61.0% in the third quarter. Dark Forest Capital Management LP now owns 528,515 shares of the company’s stock valued at $2,125,000 after buying an additional 200,214 shares in the last quarter. Voleon Capital Management LP raised its holdings in shares of Tronox by 372.5% in the 3rd quarter. Voleon Capital Management LP now owns 326,452 shares of the company’s stock valued at $1,312,000 after buying an additional 257,360 shares during the period. Finally, Whitebox Advisors LLC acquired a new position in Tronox during the 3rd quarter worth about $1,486,000. 73.36% of the stock is currently owned by institutional investors and hedge funds.

About Tronox

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.